India has reaffirmed its opposition to the idea of a single BRICS currency, emphasising a focus on strengthening trade in local currencies and rejecting de-dollarisation at the bloc’s recent trade and industry meeting. India does not support the idea of…
India’s largest bank, SBI, is set to mobilise approximately $10 billion via Foreign Currency Non-Resident deposits by September, leveraging a Reserve Bank of India swap facility that has significantly lowered fund-raking costs and attracted overseas investments. State Bank of India…
India’s exports to free trade agreement countries surged by 25% in the April-June quarter, outpacing total export growth and highlighting the effectiveness of trade pacts in expanding Indian market access. India’s exports to countries covered by free trade agreements rose…
State Bank of India’s chairman C S Setty dismisses fears of asset stress following a weaker first quarter, emphasising the influence of seasonality and the strengthening of high-quality portfolios amid robust financials and strategic liquidity initiatives. State Bank of India…
The Securities Appellate Tribunal significantly increased its overturning and modifying of SEBI orders in 2025-26, as the regulator intensifies investigations into insider trading and market misconduct, despite rising case backlog and enforcement complexities. The Securities Appellate Tribunal overturned 47 orders…
India’s Parliamentary Committee calls for expedited negotiations on the US trade deal, emphasising protective measures for strategic sectors amid deepening economic ties and supply chain realignments. India’s Parliamentary Standing Committee on Commerce has urged the government to finalise the proposed…
India plans to amend its MSME Development Act to streamline payments, enhance digital invoicing, and improve dispute resolution, aiming to support the vital small business sector facing chronic arrears and compliance challenges. India’s micro, small and medium-sized enterprises are set…
Trade ministers from BRICS nations convened in Jaipur to new measures aimed at closing a $2.5 trillion gap for MSMEs, boosting digital services, supply chains, and reinforcing multilateral trade support. BRICS trade ministers meeting in Jaipur has backed a set…
India’s pharmaceutical sector experienced a notable 12.1% growth in July, buoyed by gains in chronic-care medicines and standout performances by mid-sized companies, signalling a resilient recovery and expanding footprint in the healthcare sector. India’s pharmaceutical market grew 12.1% in July,…
The Reserve Bank of India plans a significant ₹2 trillion drain from the banking system via a seven-day variable rate reverse repo, highlighting persistent surplus cash despite recent tightening efforts. The Reserve Bank of India plans to drain as much…
